prejudgment interest

Definition of "prejudgment interest"
  1. Interest accrued on a debt before a court delivers a judgment on the matter
How to use "prejudgment interest" in a sentence
  1. The prejudgment interest on the overdue loan kept mounting.
  2. The company was responsible for paying the prejudgment interest on the unsettled claim.
  3. The court assessed the prejudgment interest when considering the total compensation to be paid.
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